Analyst: Bitcoin consolidates at the upper end of its range as the market focuses on next Wednesday's Federal Reserve meeting
BlockBeats News, on September 14, CryptoQuant analyst Axel Adler Jr stated, "Bitcoin closed this week consolidating at the upper end of the range. The price increase was driven by ETF inflows and derivatives, while on-chain activity remains in a long-term holding (HODL) state. The main focus of the market is the Federal Reserve meeting: if a dovish signal is conveyed, the market is expected to continue rising; if the signal is hawkish, the market may return to a neutral range."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin season index drops to 69
Expectations for Fed Rate Cuts Strengthen, Market Focuses on Magnitude and Pace
